Cannabis Bioscience Int'l Hldgs Inc (CBIH)

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CBIH @CBIHstock
Houston, Texas--(Newsfile Corp. - March 6, 2024) - Cannabis Bioscience International Holdings, Inc. (OTC Pink: $CBIH) announces that Dante Picazo, its chief executive officer, is contributing one billion shares of his common #stock to the Company. These #shares will be retired and have the status of authorized and unissued shares. As a result of this contribution, the number of the Company's outstanding shares has been reduced to approximately 9.4 billion. Since current management assumed control of the Company in 2019, its members have contributed 5.5 billion shares to the Company for no or nominal consideration. The shares have a #market price of approximately $5 million, valued at the closing price of $0.0009 on March 5, 2024. The Company believes that Mr. Picazo's contribution will increase #shareholdervalue

https://ca.finance.yahoo.com/news/cbih-announces-retirement-one-billion-130000159.html

#retirementofshares #stockstowatch #aistocks #MarketNews
5:14 AM · Mar 6, 2024